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Netto was a discount supermarket chain in the United Kingdom. Netto arrived in the United Kingdom in December 1990, as part of an internationalisation process by its Danish owner, Salling Group . By May 2010, it operated 193 stores, before it was sold to Asda .
Netto began operating in the UK in Leeds on 13 December 1990, with the company's UK headquarters located in the former mining village of South Elmsall, West Yorkshire. Netto primarily expanded in central England, before moving into London .
Jun 20, 2014 · Most Netto stores in the UK were sold to Asda. Netto, which announced a new partnership with Sainsbury’s today, exited the UK in May 2010 when it was bought by Asda in a deal worth £778m. The discounter had 193 stores at the time of the surprise purchase, averaging around 8,000 sq ft each. The deal was investigated by the Office of Fair ...
Jul 4, 2016 · Netto’s 16 UK stores, all in the north of England, will close in August, just over two years after Sainsbury’s launched its £25m partnership with Dansk Supermarked Group. The British ...
There are now nearly 200 Netto stores throughout the UK and the company plans to open at least 20 more each year. Netto’s main competitors in Britain are German discounters Aldi and Lidl , and frozen foods specialist Iceland .
Jul 4, 2016 · Netto. UK supermarket chain Sainsbury's is to close its Netto stores after abandoning a joint venture with a Danish retailer. Its 16 stores will continue to trade throughout July and will close ...
Netto has claimed it will “set new standards for discount retailing in the UK” as it opens its first UK store in Leeds today. Netto ’s return – a joint venture with Sainsbury ’s – comes as rival hard discounters Aldi and Lidl continue to grow at breakneck speed at the expense of the big four grocers. The Danish discounter exited the ...
